A comeback or a bull trap?
BUY
- Looks like a healthy uptrend but confirmation is needed at around 6.00 – better entry at 6.00 with sufficient volume
- Bullish flag and breakout at 5.45
- Beware of multiple resistance up north
SELL
- Sell when it breaks the current steep trendline – high chance of consolidate to form a Stage 1/base
RATIONALE
- COVID-19 seems doing a comeback and healthcare related sector is roaring back to life?
- There are multiple necklines to be broken though since double top happened in last October 2020
- Support is at around 4.65 but it can be broken anytime just like the previous one at 6.15
- Swing traders might do well to catch the trends
- Long term traders/investors/those who picked it up at high price – CUT LOSS – to find better chances as it is on a long term downtrend
- Value investing with a paper loss is a waste of the most valuable commodity – TIME
**this analysis is solely for my own references and learning
- Looks like a healthy uptrend but confirmation is needed at around 6.00 – better entry at 6.00 with sufficient volume
- Bullish flag and breakout at 5.45
- Beware of multiple resistance up north
SELL
- Sell when it breaks the current steep trendline – high chance of consolidate to form a Stage 1/base
RATIONALE
- COVID-19 seems doing a comeback and healthcare related sector is roaring back to life?
- There are multiple necklines to be broken though since double top happened in last October 2020
- Support is at around 4.65 but it can be broken anytime just like the previous one at 6.15
- Swing traders might do well to catch the trends
- Long term traders/investors/those who picked it up at high price – CUT LOSS – to find better chances as it is on a long term downtrend
- Value investing with a paper loss is a waste of the most valuable commodity – TIME
**this analysis is solely for my own references and learning
הערה
bad sentiment when ASP is announced publicly that it is indeed falling - expected - yet market doesnt buy this
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.